We often look at the corporate world and there are a lot of reason’s for doing so. Women’s welfare is a general interest, research on the corporate world may offer some insights into other professions, and the way it operates and is described probably reflects values more general in the society. This post is about a puzzling set of descriptions of the resignition of Sallie Krawsheck, who held very high-level positions at Citicorp, from her job. She was a star in the field. A high flyer.
The conflicting descriptions in the NY Times start with the view that her exit was not reflective of gender problems:
In an era when the executive suite is still dominated by men, it’s tempting to attribute Ms. Krawcheck’s downfall to the ruthless vagaries of the glass ceiling. As it turns out, however, her departure from Citigroup was largely the result of an old-fashioned corporate bar brawl at a bank already notorious for dysfunctional management.
Ms. Krawcheck believes her exit from Citigroup is the result of pressures she faced from Mr. Pandit to be a team player and to follow his lead on the best way to deploy talent at the bank — and not related to her sex. The two also sparred over how to compensate clients who lost money by following the bank’s investment advice.
O good! It’s got to be possible to have a problem at work that is not due to one’s gender, right? Well,
December 2007… Mr. Pandit was named chief executive [of Citicorp].
…. Still, in the fourth quarter of 2007, when the bank was already facing losses, Citigroup cited Ms. Krawcheck’s unit as one of its bright spots…The next year was another matter, and Ms. Krawcheck and Mr. Pandit began to feud. …
As these conflicts emerged, Ms. Krawcheck felt that the fact that she was a woman and not part of Mr. Pandit’s inner circle made her situation particularly difficult. …
While she has said that most women at Citigroup are treated as “a condiment” rather than “a main course,” she also has said that she has no regrets about her experiences there.
So women are not valued as men are and she was an outsider once Pandit was in control. Aren’t those ways the glass ceiling is held in tact? The article certainly seems to be about ruthless vagaries.